The price of gold is still consolidating around the level of 1260 and in case of upward correction in the descending channel, may reach its upper limit and the level of 1280. In case of continued negative dynamics, closest target will be 1244, breaking through which will be the signal to sell with the objectives at 1220 and 1200. Volatility with a high probability will grow after the consolidation. We maintain our medium-term positive outlook, but do not exclude the fall of in the near future.
Nearest resistance levels: 1280, 1300, 1315, 1330, 1356, 1375, 1400, 1430, 1450
Nearest levels of support: 1244, 1220, 1200, 1190, 1165, 1150
The price of Light sweet crude oil continues lateral movement around the level of 50.60. It is worth mentioning that earlier quotations broke through the lower boundary of the local rising channel and in case of further decline and breaking through the local minimum at 49.60, we expect the decline to 48.50, 47.00 and 45.00. Less likely will be overcoming the level of 52.00 and further increase of price up to 54.00. Our medium-term outlook remains negative.
Nearest resistance levels: 52,00, 54,00
Nearest support levels: 50,60, 48,50, 47,00, 45,00, 43,00, 42,00, 40,00, 37,30, 36,00, 35,00